ValuEngine Downgrades Volkswagen AG (OTCMKTS:VLKAY) to Buy

ValuEngine lowered shares of Volkswagen AG (OTCMKTS:VLKAY) from a strong-buy rating to a buy rating in a research report released on Friday morning.

Separately, Jefferies Group LLC upgraded Volkswagen AG from an underperform rating to a buy rating in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $36.00.

Shares of Volkswagen AG (OTCMKTS VLKAY) opened at 31.45 on Friday. Volkswagen AG has a 1-year low of $27.00 and a 1-year high of $34.12. The company has a market capitalization of $78.83 billion, a price-to-earnings ratio of 10.96 and a beta of 1.52. The stock has a 50 day moving average price of $31.79 and a 200 day moving average price of $31.40.

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About Volkswagen AG

Volkswagen AG is engaged in developing vehicles and components for its brands. It also produces and sells vehicles, in particular passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. The Passenger Cars segment cover the development of vehicles and engines, the production and sale of passenger cars, and the corresponding genuine parts business.